Dow 1,000 Is Not A Silly Number March 2010 PDAC
Mar 31, 2015
Dow 1,000 Is Not A Silly Number
March 2010
PDAC
WHY?
• Manias
• Size
• Kondratieff Cycle
• Support / Resistance
• Fundamental Values
• Technical Expectations
• Cycles
• The Economy
Tulip Bulbs
Down 98.4%
South Sea Company
Down 92.4%
Nikkei Ongoingfrom top to lowest low, so far down 80.5%
3rd Kondratieff Autumn Bull Market 1921-1929
Winter bear Market 1929 - 1932
Prepared for the Longwave group
Considerable Resistance at 1,000 Points
What Does DOW 1,000 Mean?
An Economic Depression – Leading To:
• Collapse in economy – US GDP down 45% by 1932
• Massive unemployment – 25% in US by 1933
• Major Bank failures – 10,000 US banks failed by March 1933
• Major Bankruptcies
• Consumers
• Corporations
• Governments
• Collapse in world trade – Down 2/3 by 1933
• Commodity prices collapse
• Gold / Silver prices rise on a flight to safety
DOW 1,000 IS NOT A SILLY NUMBER
Ian A. Gordon, The Long Wave Analyst, www.longwavegroup.com
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